|Traded as||FWB: ARL|
|Key people||Wolf Schumacher (CEO and chairman of the management board), Marija G. Korsch (Chairman of the supervisory board)|
|Products||Structured Property Finance and Consulting Services for the housing sector|
|Profit||€93 million (2013)|
|Total assets||€42.981 billion (2013)|
|Total equity||€2.450 billion (2013)|
Aareal Bank AG is an international company listed on the MDAX index with headquarters in Wiesbaden, Germany, which traded as DePfa Deutsche Bau- und Boden Bank AG and formed part of the DePfa Gruppe until 2002.
Aareal Bank is represented on three continents (Europe, North America and the Asia-Pacific region) and oversees property financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002.
The company's history dates back to two institutions: Preußische Landespfandbriefanstalt (founded in 1922) and Deutsche Wohnstättenbank AG (founded in 1923), both of which were based in Berlin. Deutsche Wohnstättenbank AG was renamed Deutsche Bau- und Bodenbank in 1926. Preußische Landespfandbriefanstalt was given the name Deutsche Pfandbriefanstalt in 1954. In 1979, Deutsche Pfandbriefanstalt acquired a majority interest in Deutsche Bau- und Bodenbank. It traded as public limited company under the name Deutsche Pfandbrief- und Hypothekenbank AG from 1989, before going public in 1991 and opening its first foreign branch in Amsterdam in the same year.
In 1999, Deutsche Pfandbrief- und Hypothekenbank AG was renamed DePfa Deutsche Pfandbrief Bank AG and transferred all property activities to Deutsche Bau- und Bodenbank, which was also given the name DePfa Bank AG BauBoden at this time. In 2002, the bank was divided into Aareal Bank AG (formerly Deutsche Bau- und Bodenbank), a property finance bank with headquarters in Wiesbaden, and DePfa BANK plc, a public finance bank based in Dublin. Since 2006, the company has focused on the Commercial Property Financing and Consulting/Services segments.
Wolf Schumacher, who holds a doctorate in law, has been chairman of the management board of the company since 2005, and is supported by three Management Board members. The Supervisory Board members are elected for a period of five years each. The current term of Marija G. Korsch as Chairman of the Supervisory Board began in 2013.
|28,9%||Aareal Holding Verwaltungsgesellschaft mbH (including):|
6,9% Bayerische Beamten-Lebensversicherung a.G. 6,9% Swiss Life AG 5,2% Versorgungsanstalt des Bundes und der Laender 4,7% Dr. August Oetker Finanzierungs- und Beteiligungs-Gesellschaft mbH 2,7% Basler Lebensversicherungs-AG und Basler Sachversicherungs-AG 1,4% Deutscher Ring Krankenversicherungsverein a.G. 1,1% Condor-Lebensversicherungs AG
(as at 31 December 2013 )
|Company||Description||Registered office||Capital share|
|Aareal Bank Asia Limited||Financings for office buildings, hotels, logistics facilities, retail properties and residential properties in selected markets||Singapore||100 %|
|Aareal Capital Corporation||Financings for office buildings, hotels, logistics facilities, retail properties and residential properties in selected markets||New York||100 %|
|Aareal Estate AG||Management and consultancy firm for commercial properties in Germany and abroad||Wiesbaden||100 %|
|Aareal First Financial Solutions AG||Development and implementation of payment transaction solutions for Aareal Bank||Mainz||100 %|
|Aareal Valuation GmbH||Valuation company||Wiesbaden||100 %|
|Aareon AG||Europe-wide consultancy and IT systems house for the property sector||Mainz||100 %|
|Corealcredit Bank AG||Specialist German bank that focuses on Commercial Real Estate Financing in its core market of Germany||Frankfurt||100 %|
|Deutsche Bau- und Grundstuecks-Aktiengesellschaft||Specialist property management service provider; real estate asset management service provider for institutional and private investors, municipalities and the Federal Government||Bonn||100 %|
|Deutsche Structured Finance GmbH||Structuring, launching and placing, as well as subsequently managing closed-end funds, particularly involving property investments||Wiesbaden||100 %|
- "Annual Report 2013". Aareal Bank AG. Retrieved 20 May 2014.
- Aareal Bank AG: Corporate history
- Aareal Bank AG: Company profile
- Aareal Bank Group completes acquisition of Corealcredit Bank AG